The House for the second time voted swiftly Wednesday afternoon to pass the final version of the $1.5 trillion bill, paving the way for President Trump to sign into law just in time for Christmas.
The revision bill was approved 224 to 201, with a few representatives not taking part in the second vote. Before the House voted, Trump on Twitter cheered the tax cuts while attacking “the Fake News” and “their friends, the defeated Dems.”
(-- removed HTML --) (-- removed HTML --) The Tax Cuts are so large and so meaningful, and yet the Fake News is working overtime to follow the lead of their friends, the defeated Dems, and only demean. This is truly a case where the results will speak for themselves, starting very soon. Jobs, Jobs, Jobs!
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The bill passed 51 to 48, along party lines. Vice President Mike Pence and Treasury Secretary Steve Mnuchin presided over the votes. Only one Republican, Senator John McCain missed the vote due to recovering from chemo therapy for brain tumor.
“After eight straight years of slow growth and underperformance, America is ready to take over,” Senator Mitch McConnell said after the vote passed. “
The House voted again for the $1.5 trillion tax cut Wednesday morning before sending the bill to the Senate to be voted on. The Senate had to make three small provisions to the bill before voting to allow it to pass under a simple majority vote known as reconciliation rules. The last-minute parliamentary stumble involved three small components of the bill, including a provision that would have allowed the use of 529 savings accounts for homeschooling expenses and part of the criteria to be used to determine whether colleges and universities are subject to an excise tax imposed on their investment income.
The name of the bill’s name, the Tax Cuts and Jobs Act was also ruled against by the parliamentarian, since the name didn’t influence spending or revenue. The new long and bland name was changed to “To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.”
“If there is anything better than voting for
With both sides fighting over “how” to go with this bill, they did not execute it out.
Congress voted to repeal the Affordable Care Act (ACA) today, May 5, 2017. This means that HR 1628 will move to the Senate for a vote. If the Senate chooses to repeal the ACA is well, which may be unlikely given its current text, it will then go to President Trump for a signature. It is highly unlikely that President Trump will veto the bill, as one of his campaign promises was to repeal the ACA. It is also unlikely that the Supreme Court will accept a court case regarding the Constitutionality of its repeal.
And on October 25, 2007, it was received in the Senate and was placed under Senate Legislative Calendar under Read the First Time. The next day, October 26, 2007, the bill was read the second and was placed under Senate Legislative under General Orders, Calendar No. 450. On the same day, a motion for consideration, cloture motion, and its withdrawal were presented in the Senate. And from October 31 to November 1, 2007, the same actions were taken, until the Senate passed the bill with the same title, Children’s Health Insurance Program Reauthorization Act of 2007 Support for Injured Servicemembers Act, without amendment by voice vote, 64 Yeas, 30 Nays, and 6 Present4, recorded as Vote Number: 403. The bill was sent to the House and was cleared for the White House. On November 30, 2007, the bill was submitted to the President but was vetoed in December 12, 2007.
If two-thirds of the Senate and House agree, Congress can pass a law even if the president has vetoed it
Furthermore, House Speaker, Paul Ryan, has recently made it clear that him and his party will work together to pass the tax reform and they will be more determined to succeed than they were with trying to repeal Obamacare.There is no doubt that this proposal will pass in the House. However, I am sure that there are going to be some Republican Senators that will support Trump at all cost. Consequently I urge you to persuade your colleagues to either provide as
After the bill was passed in the Ways and Means Committee, it moved on the House of Representatives. The House passed the bill after 90 seconds of debate. During this
Just before a voice vote passed the bill in the House, U.S. Representative Harley O. Staggers, Sr., of West Virginia
The law garnered a large amount of bipartisan support, though support was not unanimous, particularly among those who believed it to be laden with too much pork barrel spending. Early versions of the bill budgeted over $300 billion, but President Bush promised to veto any surface transportation bill costing more than $256 billion. Eventually a compromise of $284 billion was reached, and signed into law by the President.[6] When the speaker became frustrated by negotiations with White House staff, Hastert began working on the bill directly with
WASHINGTON — The Republican race to overhaul the tax code broke into a sprint on Thursday, with House members narrowly clearing a budget blueprint that would allow a tax bill to pass Congress without any Democratic votes, and Senate leaders signaling that the bill could be introduced, debated and approved in both chambers by the end of November.
Be it enacted by the Senate and House of Representatives of the United States of America,
Overall, there are many changes in this historic tax reform. From healthcare to a multitude of tax cuts and increases, this tax bill is going
On Thursday November 12, House GOP leaders unveiled their new tax plan that will according to Ways and Means committee chair Kevin Brady, will be passed by Thanksgiving. It is being named the “Tax Cuts and Jobs Act” which is a better name than the President Trump’s proposal: “Cut Cut Cut Act.”. While the tax cuts are across the board, this tax plan directly contradicts President Donald Trump’s statement that the rich won’t benefit from his plan. He couldn’t be more wrong. Under this new GOP sponsored tax plan the richest of Americans will in fact, benefit greatly. Speaker of the House Paul Ryan said that this new tax plan will save the average family of four over $1,000 a year. The specifics on the amount of gains different
They can only make one of the cuts permanent to comply with Senate rules as it would increase the federal deficit. Their decision between corp. vs. individuals.. they went with individuals. Mind you..
Next, the second piece of media is a full page flyer in opposition of the hotly debated Republican tax bill, H. R. 1, which was introduced in the House of Representatives on November 2, 2017 by Congressman Kevin Brady, the Republican Representative of the eighth district in Texas (U.S. Congress, 2017b). In general, the purpose of this bill is to reform the current tax code through reducing the number of tax brackets, tax rates, and eliminating several tax credits and deductions (2017b). Consequently, this bill was passed in the HOR and was introduced to the Senate for a vote on November 28, 2017. However, the Senate has altered the bill, which will require the bill to be sent back to the House of Representatives for conference committee in order for the HOR to rework their bill to mirror whatever version ends up passing in the Senate. At this moment, the Senate version of this bill, S. 1, is being debated on the Senate floor and looks to be in jeopardy of passing due to grave concerns about the impact to the deficit and the adverse impact to the lower and middle class tax payers. According to the Congressional Budget Office, this tax bill will increase the deficit by over one trillion dollars, in addition to raising taxes on the lower and middle classes, while cutting taxes for individuals and businesses in the
President Bush has approved a new bill on Bankruptcy entitled, S. 256 -Bankruptcy Abuse Prevention and Consumer Protection Act of